'Pharma Bro' Shkreli set to be sentenced for defrauding investors

The government chargedShkreli with conspiracy for bilking investors in his hedge funds, MSMB Capital Management and MSMB Healthcare, as well as his former biotech company Retrophin. According to prosecutors, Shkreli "engaged in multiple schemes to ensnare investors through a web of lies and deceit".

The attorney for convicted fraudster Martin Shkreli (SHKREL'-ee) says his client is doing "fine" after he was sentenced to seven years in prison. "I'm not saying he made life easier being the Pharma Bro - that didn't help his case", said Coffee. If the ex-pharma exec is unable to pay up the money he owes, the feds have said that they will seize Shkreli's property. The agency found nothing amiss.

Although he's probably best known for overseeing a 5,000 percent price hike of a toxoplasmosis drug for HIV-positive patients, Shkreli's post-pharmaceutical shenanigans caught a much attention as his venality while helming Turing Pharmaceuticals.

He has repeatedly maintained that his primary concern was company profit and investor returns.

He continued: "She has great discretion as to the sentence she imposes; she could recognise that he is a first offender and give him modest time". Shkreli faced up to 20 years in prison, and federal prosecutors argued for a sentence of 15 years, reportedly calling him "dangerous" in court today.

Shkreli drew the time after a jury found him guilty of one count of conspiracy to commit securities fraud and 2 counts of securities fraud. "Although he is convicted of fraud, I do believe he is truly a kind and generous person".

Attorney Benjamin Brafman is speaking at the sentencing Friday for the pharmaceutical company CEO on a securities fraud conviction.

The defence sought a lighter sentence, arguing that Shkreli made money for his investors and should be given the chance to quickly resume research into cures for childhood illnesses. After that, Matsumoto revoked his bail and sent him to the Metropolitan Detention Centre in Brooklyn.

"I wanted to be a success in the business world, while being young and immature.I will do it [ONE DAY], the right way".

Before issuing her sentence, the judge noted how Shkreli had an abusive father and panic attacks. He earned further ire by picking fights with people on Twitter and for buying the sole copy of a Wu-Tang Clan album just to keep it away from the public.

The next step after a primary election
In the 23rd District, which follows hundreds of miles of the Mexican border, five Democrats are looking to unseat Hurd. On Tuesday, 28 women on the Texas Primary ballot either won their race outright or are heading to a primary runoff.

Busy Browns obtain QB Taylor from Bills
McDermott said that while cutting Taylor was not part of the team's current plans, he wouldn't rule out trading the quarterback. Taylor joins a Browns team that lacked a veteran and turned to Kizer for 15 starts as a rookie last season.

Second storm in New Jersey delivers crippling blow
The snowstorm also brought a rare phenomenon in some parts of Pennsylvania , New Jersey and NY , the weather service said. Snow will continue to fall as much as an inch an hour before tapering off in most areas later in the morning.

Blackberry sues Facebook for BBM patent infringement
Its proprietary service BBM helped draw millions to its phones in the mid-2000s when the company was a smartphone leader. The company's actually hitting headlines because it's suing Facebook , WhatsApp and Instagram for patent infringement .

Cavs shine with James' 39, Raptors seal play-off spot
Toronto shows flashes of finally getting over the hump in the playoffs, but still can't get past the second round of the playoffs. Flash ahead less than a week and the Nuggets have fallen from solid to shaky ground in the Western Conference postseason picture.

Barbie Unveils 17 New Dolls Based On Inspiring Women
I love the idea - paying tribute to heroines of art, aviation and mathematics in honor of International Women's Day (March 8). If these Barbies will be available at other stores, we will provide online stock tracking for them.